FTC And SEC Are Schizoid On Social Media

Law360, New York ( May 3, 2013, 6:31 PM EDT) -- The title of this article not meant to imply that it's about the privacy implications of mobile medical apps for psychotherapy. Instead, I focus on how the government all too often acts at cross-purposes to itself when it comes to the oh-so-slow development of rules for new technologies and markets. The last month has seen a couple of remarkable announcements, one from the Federal Trade Commission about digital advertising disclaimers and one from the U.S. Securities and Exchange Commission about corporate financial disclosures. Both were presented by the agencies as ways to enable use of social media by corporations — but instead just make things much harder, if not totally impracticable....

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